Piper Jaffray Funds Strong Youth Organizations

In its third and final grant round for 2004, Piper Jaffray supported strong youth organizations whose programs focus on helping disadvantaged youth in grades K-12 achieve academic success.

The Minneapolis-based company awarded grants totaling $404,250 to 69 youth-serving organizations across the firm’s geographic regions. The recipients included 22 organizations in Minnesota, five organizations in Wisconsin and one in South Dakota.

The grants went to youth organizations that support well-established, effective programs that provide intensive tutoring and academic instruction. Other selection criteria included organizations that partner with schools to serve academically at-risk youth, involve parents and expose youth to post-secondary education opportunities, and link them with the necessary resources to achieve their goals.

In its first year as an independent public company, Piper Jaffray awarded more than $1.2 million in grants to more than 150 organizations through three rounds of grants in 2004.

“We are delighted to complete our first year of grantmaking,” said Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies. “We made grants to organizations that help advance the communities in which we work and live and we are proud to be among the current supporters of these tremendous organizations.”

The Piper Jaffray Corporate Community Involvement Council guides the company's overall involvement efforts and makes funding decisions in the Twin Cities. Local decision-making resides with the firm’s Regional Community Involvement Councils. In addition, Piper Jaffray has made a commitment to contribute 5 percent of its pre-tax earnings to charity each year through a combination of cash contributions, in-kind contributions and volunteer hours.

For a complete list of the recipients of Piper Jaffray’s 2004 grants, visit the company’s Web site.

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